The National tribune., 1887-08-04
THE TORTILITA MINES.
BETTER THAN REPRESENTED AND AS
GREAT AS THE C0MST0CK.


tive Saw-The Richest Mining Prop
erty I'm America-Vast Ore Deposits.
The New York Star has made careful inves-
tigatiOn of the property of the Tortilita Mining
Company, heretofore referred to in these col
umns, and the following is published from its
report, showing the enterprise to be one Of the
best ever brought to the attention of investors:
Special Dispatch TO the SrAR.I
Tucson, ,Ariz., July 16.-Agreeably 70 instruc-
tions from The Star to investigate the Tortilita
mines, that are now attracting so much atten-
ton throughout the country, your representa-
tive has made n careful examination for the
benefit of your readers.
At the mines inquired for the superintend-
ent. and was shown to Mr. D. T. EImore, and
cordially received. Raised in the East, he
originally worked on the Comstocks, where be
saw property increase in value from few
thousands to hundreds Of millions. In reply
to question, Mr. Elmore said:
:" When l had satisfied myself Of what we
had after three years Of patient labor, went
to New York, and in connection with some
friends organized the Tortilita Mining Com
pany in New York city, composed of reliable
and competent business men. for the purpose Of
raising capital to erect hosting works and ad-
ditional machinery. have seen all the best
mines in America, and worked in them, and
tell you here and now that the Tortilitas are
the greatest and the best of their class on the
American Continent"
THE PLANS OF THE COMPANY.
Asked what improvements were contem-
plated, Mr.. Elmore said: We can easily sup
ply three twenty-stamp mills for an indefinite
period on these properties. They would work
$50 tons Of ore per day, at an average Of $50
per ton. At low estimate this would be
$1,000 per day.
with the proper machinery this can be
worked at an expense Of SO per ton, which
would be $500 per day, leaving net per day
$1,000 or for thirty days s21, 600, or for year
g, ,592, 900, which will be over two and half
times our capital stock each year; but at first
we shall start with twenty stamp mill, which
should give US 100000 per year net, or so per
cent. per annum on our capital stock. am
now bending every effort toward attaining
these results. We are negotiating now for
hosting works and twenty-stamp mill, and
hope soon to obtain them. Meanwhile we
shall continue to run our little fVe-stamp mill
and develop and improve the property all in
our power. j know of no investment in Ameri-
ca that will pay as well as the shares of our
company"
AN ABSOLUTELY GREAT PROPERTY.
After weeks time spent at the mines in
daily examination Of the work, in seeing as
says made, watching the battery samples, and
seeing the ore retorting and running into bull
lion and stamped, and reading certificates of
Si50,000 for bullion shipped to the Bank of
California in the last two years, and seeing
one bar Of 2, 100 ounces sent forward while
was there, / felt impressed with the fact that
the Tortilita deserved the confidence Of the
public, and that the management in New York
had far underestimated its value in their state
ments. found property worth anywhere
from Si0,00oOO0, to S50,000.O00. and possibly
$100,O00,0OO, as the Comstocks have proven to
be and have made thousands Of men rich.
THE ToRTILITAs PoPULAR AT HOME.
Driving back to Tucson remained there
short time, and found the Tortilitas exciting
more attention than any other mining prop
erty in the Territory, and there arc some rich
ones here. For example, the Silver King, not
far distant, has paid three million dollars in
dividends from one mine alone, while the Tor
tilita company has twelve The Reymart and
Vikol, In another direction, have turned out
millions and made their owners rich, as have
the renowned Tombstones and Quijotoa. The
Tortilitas are on the tongue Of everybody, and
Mr.. Elmore is looked for with bullion every
month as regularly as the month comes around.
In conclusion, The Star representative found
the statements concerning the Tortilita
more than verified. The company have not
only one, but twelve great mines, including
the four that are now being worked, any one
Of which latter is easily worth more than the
entire capitalization of the company, and it
has mill and two mill sites besides. The
property only needs additional machinery and
development to pay handsome dividends.
The subscription books of the Tortilita Mining
Company are still open at the Office, No. 81
Broadway, New York city. For the present,
subscriptions are received at par of So per
share. 1t Is expected the stock will sell for a
higher figure after it is called upon the Ex-
change, where it is already listed.
As legitimate business enterprise. Tortilita
is second to none, and attractive to all who
have even q small sum for investment.
Poor Dunder.
Detroit Free Pressl
Sergeant, vhas some warrant oudt to arrest
me?" softly inquired Carl Dunder, as he tip
toed into the Woodbridge Street Station House
yesterday.
"Not that know of-WhyP" replied serg't
Bendal.
"VheII two or three darz aoo q strsnga roa,